Many would have others believe that NFTs are nothing more than tradable JPEGs, but this couldn’t be further from the truth.
NFTs: Revolutionizing Ownership
NFT stands for Non-Fungible Token – “Non-Fungible” meaning a unique signifier of ownership, and “Token” meaning a cryptographic record in a blockchain. NFTs can be described as unique records of ownership stored on a blockchain.
NFTs can be used for many purposes, as ownership is represented by them. Already, NFTs can be used to buy music, digital land, or heroes from blockchain-based games. The Sandbox.
New developments in blockchain technology make it possible for investors to acquire physical assets through NFTs. Tokenization allows physical asset ownership to be encoded in a blockchain. Tokenized real estate is the most important impact of this development for investors.
Pioneering Metaverse Real Estate
Smart contracts are bits of software which enforce digital agreements and power NFTs. NFTs can be managed by smart contracts, which automate the handling of royalties, distributions of payments, and transfer legal ownership rights.
Smart contracts replace intermediaries such as banks, title agencies, escrow companies and buyers and sellers agents in real estate transactions. NFTs can make the real estate purchase process seamless and simple, decreasing the amount of time required to complete the transaction. This saves everyone involved from unnecessary hassles.
Futurent, an online platform for real estate investments, has seized this opportunity. Futurent allows investors to purchase real estate using fractionalized NFTs – NFTs that have been split into several pieces, each piece representing partial ownership in a property.
By splitting ownership between multiple investors, Futurent lowers the amount of capital that’s typically needed to enter real estate. Futurent lets investors share in the rental revenue, creating passive income immediately.
Futurent, which is developed entirely by a doxxed group, boasts a global membership and places a high priority on property acquisition in crypto friendly locations such as Dubai and Switzerland. Upon Futurent’s IDO launch in January of 2022, investors will be able to make purchases using top cryptocurrencies like ETH in addition to Futurent’s native FUTR token.
Futurent’s team works hard to find large partnerships. The details will be soon disclosed. This partnership includes secure DeFi protocols to protect investor privacy, financial and lending platforms that maximize investor potential, as well as blockchain insurance providers for investor safety and digital land sale partnerships.
Conclusion
Blockchain, NFTs, and cryptocurrencies are bringing together the virtual and real worlds. Futurent is the leader in fractional NFT investment.